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security security in bengahzi, first the latest on newtown, connecticut. this morning president obama is expected to announce that vice president joe biden will spearhead his administration's response to the newtown shooting. the president is not expected to go into detail on policy decisions, but yesterday the white house hinted at what new legislation might look like. >> he is actively supportive of, for example, senator feinstein's stated intent to revive a piece of legislation that would reinstate the assault weapons ban. he supports and would support legislation that addresses the problem of the so-called gun show loophole. and there are other elements of gun legislation that he could support. people talked about high-capacity ammunition clips for example. that's something that certainly he would be interested in looking at. >> the national rifle association has broken its silence issuing a statement reading in part "the nra is prepared to offer meaningful contributions to make sure this never happens again." the organization has planned what it describes as a major news conferen
continuing coverage of your markets, all your post-close news and, of course, what is going on in newtown, concome our hearts and prayers go out to all those people affected by that. "closing bell" is next. >> i'm bill griffith. welcome to "closing bell." maria will be along here in a few minutes at the new york stock exchange, and we add our sentiments as we continue to update you on the horrific massacre at the connecticut elementary school. our deepest prayers and sympathies to all of the families and others hit by this senseless tragedy. the horror of the story may have muted trading on wall street today, as all priorities are being rearranged in a moment, and we will get you caught up on these markets in just a moment, but first we want to let you know. president obama is set to make a statement on this tragedy from the white house around 3:15 eastern. our john harwood is in washington with some more details on what we know right now. john? >> reporter: well, bill, the horror of this tragedy is also muted talk of anything else in washington for the day, including the fiscal cliff and
force to be led by vice president joe biden in the aftermath of the school children massacre in newtown, connecticut. biden, a long-time gun control advocate will lead a team of top administrative officials and representatives from outside groups. sensible gun rules, including an assault weapons bans, as well as examining mental health issues will be on the table zbp we're going to have to work on making access to mental health care at least as easy as access to a gun and look at a culture that all too often glorifies guns and violence and any actions we must take must begin inside the home and inside our hearts. >> and last night the nra broke its silence on the newtown tragedy saying it is prepared to take steps so that nothing like this ever happens again. no comment today from republican congressional leaders on the president's announcement. joe? >> okay, hampton. thank you very much. so our new gun control measures the solution. our next guest says not so fast. the rush to reduce the number of guns throughout could be very misguided. and don't forget larry's credo, free market capi
and tougher subject. the nation is still rightfully consumed with grief over the newtown school shootings next up on "kudlow," we'll continue our discussion of how best top prevent these unspeakable atrocities in the future. we don't have all the answers, but we'll try to get a good discussion for you. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. >>> welcome back to "the kudlow report." in this half hour, a new investigation blasts a government agency for huge pro-union favoritism. congressman darrell issa will join us later on. and stocks are having a fine year. we'll take a look at how it may continue. >>> but first up, the questions and grieving continue in newtown, connecticut, tonight.
of the newtown school shooting. there was a stirring scene last night. the word hope, spelled out with candles, outside the wake of sandy hook elementary principal dawn hochsprung. and there was this. hundreds of firefighters standing at attention at the funeral of 7-year-old daniel barden, who wanted to be one of them when he grew up. today, vice president joe biden will begin meeting with law enforcement officials to discuss how to prevent another tragedy like newtown. we're going to have more on those talks coming up in just a moment. >>> and new concerns about marijuana and prescription drug use among teens this morning. a new survey finds 23% of high school seniors now admit smoking pot in the last month alone. 7% say they smoke it every day. and 1 in 12 teens now admits to using the stimulant adderall, which treats attention deficit disorder. a significant increase from just three years ago. >>> and finally, a $500 million mystery this morning after a whole lot more than a prayer was left at jerusalem's holiest of sites. a visitor at the famed western wall found an envelope, you guys. it
latest survey and president obama spoke at an evening vigil in the community of newtown, connecticut, raising the prospect of policy changes to stem gun violence. it is monday, december 17th, 2012 and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at our lineup today. first off, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not
for them and their parents -- my heart breaks for them and their parents and the people of newtown. i looked at the picture of little caroline previdi, one of the 6-year-old children who died. i'm sure she was a happy child, full of life's potential, just like my own little caroline who just turned 7 a few days ago. what can you say? it's unthinkable that a person would kill innocent little children with such cravenness and violence. these children's christmas presents are still under the tree. their moms and dads are still looking at them. in this town, will we pride ourselves on rhetorical flourish , precision of thought and volume of words, what can you say? what can you do? other than stand in solidarity, in spirit with the grieving families and perhaps, just perhaps hug those that you love a little bit tighter. now, madam speaker, the sandy hook elementary school tragedy is sparking a national debate about how and why this happened and how it might have been prevented. that debate is understandable and needs to happen. in the coming weeks, congress will be called on to react. que
in newtown, connecticut. what can be done, if politics is the art of the possible? where does the possible reside in america? we talk solutions today on "power lunch." my partner, sue herera, sue? >> let's look at where major averages sit right now. just a second ago, we were up 80 point on the dow. we are close to the highs of this session so far. nasdaq composite is up 29 on the trading session and s&p 45u7b is up 13. it is that optimism over the fiscal cliff which increased over the weekend after house speaker boehner edged ever closer to president obama's position. indeed, the speaker met with the president at the white house this morning. eamon javers is at the white house. eamon? >> previous meetings between the president and speaker had been telegraphed a little bit. this one was not today. this is an interesting development but a grim-faced speaker bainer who arrived back up on capitol hill not talking to reporters. we don't yet have a sense of what was in the meeting, what the substance of it was. what we do know is what speaker boehner offered on friday, in a phone call to the pr
hearts and prayers --all of our hearts and prayers are with the families in newtown, connecticut, grieving the loss of their children and loved ones. we remain committed to try to minimize the impact on hard-working families and small businesses in this country as far as tax increases are concerned. we look to find the answer on the spending issue here in washington. the president has not come to or he needs to be in order for us to push through a bill that begins to address the problem. we are now discussing an alternative plan. thank you. >> we have been trying to make sure we didn't go off this fiscal cliff. at the same time, put america on a different path. the speaker felt maybe he was negotiating with himself after plan after plan and the president stayed silent. we heard nothing but silence. today we have to go to plan b. we want to make sure we do not call off the cliff and that we keep an economy where jobs can be created. we have to remember where we are in the situation. we are two months into a new fiscal year. we are $292 billion in debt. revenues are up by 10%, $30
. but later on in the week, housing numbers final q3 gdp. keeping a close eye on newtown, connecticut, our hearts and prayers going out to the victims there. remembering those who lost their lives at sandy hook elementary in newtown. >>> a moment of silence observed at the new york stock exchange. in remembrance of those who lost their lives in the newtown, connecticut, shootings. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. >>> time for the "mad dash" on a monday morning. apple gets an inordinate amount of attention. but it's not the sole source of pain. >> no. i'll tell you something, carl, we used to try to figure out who is in the apple device. tear it d
selling its investment in gunmaker freedom group in light of last week's school shooting in newtown, connecticut. it did have a stake in freedom group. it has invested $751.4 million as of the end of march. cerberus acquired bushmaster last year. and my column today focuses on the number of private equity firms that have major stakes in gunmakers. colt, by the way, is another that is one of them. mid ocean owns a piece of bushnell. doesn't make guns, makes everything but the gun itself. >> what do you mean, the components? >> if you want a 25 round magazine loader, they have it. if you want a military grade night vision, they have it. if you need laser guided things, that's what they make. >> but if you look at the numbers, the sales of a lot of these gunmakers, freedom group in particular have been rising sharply. and, you know, the day after -- >> and the automatic rifle, that's where the growth is coming from. >> absolutely. the day after president obama was elected, you saw a sharp jump in sales. >> i should say as of last night when i was working on this piece, there was a a br
their lives in the sandy hook elementary school shootings in newtown, connecticut. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. can i still ship a gift in time for christmas? yeah,
power of the tragedy in newtown, connecticut, to try to put the pressure on republicans. he talked about them taking off their partisan war paint. he said he'd more than met them halfway in terms of spending cuts that he's offered, coming up in the income threshold for tax increases, and he has the upper hand in public opinion. there's no question about that. he is not surrendering that at this point. the question is whether speaker john boehner can move his caucus, even as far as he's already moved further toward the president. that's what the next couple days are going to be about. >> thank you very much, john. do you think, you think really sort of rumbling that we're hearing means that we have actually moved further away from the possibility of what i'm going to call the first of the 12 days of cliffness? >> insiders in both parties are telling me they think the prospects of no deal and going over the cliff have risen significantly. now, i continue to think that the fundamentals exist, as the president said in his news conference, there are only a few hundred billion dollars apart ov
? gregg: new information about the man behind the horrific newtown, connecticut massacre. what scientists may learn about the gunman and why he carried out such a monstrous act. heather: new concern of president obama's new choice for secretary of state. why republican senators are refusing to approve senator kerry. gregg: ambassador john bolton will be us to yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. when i'm out with my kids, my daughter'like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. o
to axiron.com. ♪ >> twenty-two minutes past the hour updating you on that breaking news story out of newtown, conn. a mass shooting at sandy hook elementary school. we are now learning there are at least 26 fatalities, eight adults, 18 children. there is no active shooter at this time, as we are hearing. the gunman took his own life. state police have cleared the scene. we are moments away from a police news conference at the school. we will take you there when it happens. the justice department reporting to hand guns were recovered at the scene. a block and a six hour. no terrorist connection at this point. the same producer. the gunman was dressed in a military like outfit wearing black beady use in the military best there are reports of a second %-confirmed as of yet.not been law-enforcement sources saying there is no motive at this time. white house press secretary is saying last our president obama was notified about the shooting might deputy national security advisor john brennan. the white house is still waiting for more information about the incident, but the president is receiving r
%, but also provided a downgrade to neutral, this is the reason why. the analyst explicitly saying the newtown tragedy provides pressure on stricter gun laws. the ban of sales of assault rifles and magazines with overhang of the congressional gun debate going on. it will be very interesting to watch how these gu gunmakers and manufactures do with everything going on around us. we did see a nice comeback for smith & wesson today. david: let's take a look at them right now, the numbers for bed, bath, and beyond? liz: looking at a name they were waiting to see what margins were here. the stocks are trending at the moment. cse $1.75 for the outlook, that maybe what it is getting people little bit spooked. as you see, this is a big drop after the minute they came oof e headlines, when their modeling the net earnings per diluted share to increase approximately 12%, analysts looking at those saying what about that. authorizing a new share repurchase program about $2.5 billion. david: we have an analyst watching, what do you think of these numbers? the numbers don't like it after hours. >> coming into
in newtown, connecticut. >> yep. >> we're all hugging our children a little more tightly this season. >> and everything's on the table. >> as an outdoorsman, i think we need to completely rethink guns in america. >> i think we need to protect our kids at the school, though. everything's on the table. >> our thoughts and prayers are with the families in newtown. >> thank you both very much. right now it's time for "squawk on the street." good morning. welcome to "squawk on the street." which debuted on cnbc's seven years ago today. happy anniversary to us. i'm melissa lee with carl and jim cramer and david faber live from the new york stock exchange. let's look at how we're setting up after yesterday's rally. particular strength in yesterday's rally. we didn't get housing starts, that's earlier today. as for the picture in europe, really the stand outout here is the euro. greece getting a five notch upgrade at the s&p. our road map this morning starts with gm. government motors no more. the treasury to exit its stake in the next 12 to 18 months, purchasing 2 million shares by the end
. >> thank you. >>> ahead on "starting point." two weeks from the horrific shootings in newtown, connecticut. now some teachers getting on board with the idea of getting armed. dozens of people trained to shoot. the man who taught it and one of the teacher who's took it coming up. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ thank you. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ ♪ i need you by my side >> 24 minutes after the hour. soul singer fontella bass has died best known for "rescue me." the song sure had legs it was rerecorded by cher, pat beena tar. and more. she died wednesday night of complications of a heart attack she suffered three weeks ago. 7 yea2 years old. >>> deteriorating security in the central african republic has forced the u.s. state department to temporarily su
laws? >> you know, david, i think anybody who was up in newtown who talked to the parents, who talked to the families, understands that something fundamental in america has to change. and all of us have to do some soul serving, including me as president, that we allow a situation in which 20 precious, small children are getting gunned down in a classroom and i've been very clear that, you know, an assault rifle ban, banning these high capacity clips, background checks, that they're a set of issues that i have historically supported and will continue to support. >> but can you get it done? >> so the question is are we going to be able to have a national conversation and move something through congress? i'd like to get it done in the first year. i will put forward a very specific proposal based on the recommendations that joe biden's task force is putting together. >> but it's not going to work. it didn't work before, it's not going to work now. >> my response is something has to work. it is not enough for us to say this is too hard, so we're not going to try. so what i intend to do is
. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle lee back with the very latest. >> reporter: good afternoon. students returned to their classroom today aside from those attending sandy hook elementary, and when they did they were greeted by increased security and counselors on hand in case students needed to process. one parent said it was harder to send her son back to class and she believes this is a necessary part of the healing process for these students, but as all of that happens, as the students return to class just up the way behind me is a memorial still filled with lots of people, crowds of people struggling to move on. there were two more funerals today, and right now a wake is under way for that teacher that we've heard so much about, vicki soto works died trying to protect her children. the school, sandy hook, is still indefinitely closed while police investigating, even a nearby town says they can have another school red the for those students by tomorrow. the district has not decided when they will b
think it's been a travesty in the wake of newtown, and yes, we should have a conversation about gun control and there should be parody with taking care of the mental health of americans. that discussion has been drowned out or lost or lost or never, ever happened. mr. lanza was obviously a very sick individual and needed help. i'm not sure the mental health discussion has gotten enough attention. what do you think? >> no, it hasn't. in fact, what's been happening is, of course, there's been more stereo typing stereotyping ever people with mental illness calling these people crazy. yes, he probably did have autism and/or asperger's, but people with those disorders don't generally become violent and what's interesting is that on some of the stories on the internet there are people who have made -- posted comments blaming what he did because there have been some unconfirmed reports that maybe he was take something medication. people have made comments blaming the shooting rampage on the medication. this isn't true. the problem is that people -- anybody who needs medication needs to be
the hour. i have your fox news minute. school is back in session and newtown, connecticut, with the exception of sandy hook elementary. meanwhile, mourners paying final respects to two more students killed in that tragic shooting. government officials say that the -- is working to stabilize the condition. they have not decided if he will be treated in baghdad or another country. a harvard university astronomer is think the device is stumbling in space and officials have not picked up any transmissions. that is to sign pointing to it being inactive at this point. back to you, dagen. dagen: thank you very much. let's talk about these markets. we have a pretty nice rally going on. gold is down. we have gains across the board it was the biggest game of the month, so far. over 10 million, and just 48 hours. the number of copies of google maps downloaded. there is the google stock price today. u.s. government hitting toyota with a record $17.4 million fine. it delayed a safety recall. remember 2010, over 48 william dollars for three violations when you think of christmas dinner,
the bushmaster rifle used by the shooter. all dpuns have been removed from stores near newtown. a lot of debate about the degree to which private equity has inserted itself into the debate. some investors may be rethinking their position on investing in companies like freedom, and certainly you read the statement from service -- >> it's straightforward. very interesting story. if you get a change in heart on the part of the pension funds that make up so much of the funds for private equity, not to mention, by the way, hedge funds and other investors out there, you could see some ramifications. this certainly may be one of them right here. the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for
to string of deadly shootings we've been covering like that one and newtown, connecticut, and aurora, colorado. a new york newspaper is facing a fierce backlash. look at this. this interactive map on the website. if you click on dots it gives you names and addresses of registered pistol permit holders. those who have guns legally, we should point out. david lee miller has the story from our new york city newsroom. hi, david lee. >> reporter: hi, jamie. all readers have to do is click on a colored dot on the interactive map published by "the journal news" and people can see names and addresses of people who have permit for the gun. the gun owner next store, what you don't know about weapons in your neighborhood. in a follow-up article the paper says, thousands of people reacted in rage. callers complained their privacy was being violated and personal safety was put at risk. the newspaper says it legally obtained the information after making freedom of information request in rock lan and westchester, two counties just outside of new york city. the paper is waiting for nearby putnam cou
. and the newtown shooting is a senseless tragedy. thoughts and prayers are for victims, families, and the sandy hook community. we will take you live to the white house in just a bit at 3:15 to hear from president obama. until a portion of "washington journal"." >> we want to welcome sara from "the washington post." we want to take a look at different aspects as what we can expect as we face the january 1 deadline. we want to talk about the formula that is now in place. many people say if you want to understand what is going to happen you have to understand the docx fix. >> it is something we've had in washington about a decade ago. congress set a formula on how they were going to pay doctors and it was supposed to console our health care costs. it worked for about five years until the costs of health care grew faster than the formula. the formula says what the doctors should pay. so every year we get to the end of the year and there is a gap, right now if we don't pass the doc fix medicare goes down. every thinks it is not a good idea, that we should fix it permanently but we never quite do it
to the pete of newtown, connecticut, a town shattered by friday's shooting and elementary school. 26 people were killed, including 20 children, before the gunman killed himself. speaking at the service, the president noted this was the fourth time he's had to console a community during his time in office. and he demanded changes in the way the u.s. deals with gun violence. >> we will be told that the causes of such violence are complex. and that is true. no single law, no set of laws can eliminate evil from the world or prevent every senseless act of violence in our society. but that can't be an excuse for ip action. surely we can do better than this. >> the president says he will meet with a group of law enforcement parents and teachers in an effort to prevent future tragedies. several democratic lawmakers are now calling for a new push on tougher u.s. gun laws, including a ban on military-style assault weapons. >>> we'll take a short break. still to come, why china's new leaders see a future where economic growth isn't driven so much by exports. we'll have the latest. i always wait until
control after the shooting massacre in newtown connecticut. tom coburn says he did not vote to confirm chuck hagel if president obama nominated him. hagel a former republican senator he says lacks the experience to manage an organization like the pentagon. margaret thatcher leaving the hospital. she was admitted last week for an operation to remove a bladder growth. >> gregg: senate majority leader harry reid saying he is not overly optimistic that a deal will be reached to avoid the so-called fiscal cliff. even if they get something passed here there are other challenges that our economy will face. global powers like china and europe and japan are having major problems of their own. that could affect the way they do business with us. joining us is to talk about, ed, good to see you. biggest problem some of these governments to stimulate their economies, die let's just print a bunch of money. that has catastrophic events with them and even with the united states that may tried traded with them. >> that seems to be just to print money. that is not how it works. when somebody prints mone
. >> in light of the tragedy in newtown there's a new push from the white house about gun control measures. would you be open in 2013 to allowing gun control measures on the house floor? >> we join the president in mourning the victims of that horrible tragedy in connecticut. he has appointed vice president joe biden to lead a commission, the vice president's recommendations come forward we will take into consideration but at this point i think our hearts and souls should be thinking about those victims in this horrible tragedy. >> a vote on the house floor -- >> we will look at vice president biden's recommendation then taken under advisement. >> your own description of their offer and you often 1:1 balance, only $450 billion apart, the president has said senate democrats say you are close, why can't you split the difference and get a deal done? >> the real issue is we all know is spending. you go for through all of these discussions i don't think the white house has gotten serious about the big spending problem our country faces. when we were down at the white house just days after the e
's mood is somber this morning, the country is in mourning following the events friday in newtown, connecticut, father jonathan morris on that next. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine en brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blocktomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. >> all right. a lot depends for the trading session this week on any headlines that come out of these fiscal cliff negotiations. you can expect headlines to move this market. this morning, we don't have a real market moving headline. we've reported that speaker boehn boehner has offered a deal which includes higher ta
of newtown went on lock down after reports of a man with a rifle turned out to be an umbrella. the man was charged with breech of police and police in los angeles arrested a man for posting threats on facebook for area school children at the apartment where his parents lived. they reported finding 6 hand guns two rifles and a shot gun. brett? >> thank you. stocks started the week up. the dow added 100. the s&p 500 gained 17. the nasdaq closed 39 ahead. as we told you at the top of the show u.s. senator daniel inouye medal of honor recipient and senior senator died from respiratory complications at walter reed national military medical center. hawaii has never been a state without inouye in the body. he first served in the house when hawaii joined the union in 1959 moved to the senate in 1962. by the end of his career he was the most senior member or president pro-tem of the senate making him third in line for the presidency. evidences president pro-tem and he was senior member of the majority party. he was behind vice president biden and speaker boehner. patrick lehey next in line. he
] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or the plans for a funeral service. it could be months before they produce a final report on the investigation. union influence may be slinking. yet, its power is still significant. shipping in the gulf and northeast ground to a standstill with a possible dock workers strike. correspondent doug mckelway looks at unions within the changing globalized work force. >> 30-day contract extension agreed to by the long shoreman shipman and port operators friday temporarily averts a shutdown of the 14 ports from massachusetts to texas. 14,000 long shoremen still find their jobs threatened by out automation. today it takes one long shoreman to do the works of three we have seen before. >> efficiency and new productivity, machines come in play. people are displaced by that. to maintain cost and come pettive market we have to pay attention to. president obama is beholden to unions. he's made a point of supporting them. >> look at how the unio
. >> part of it is hurricane sandy and part of it's the tragedy from newtown, connecticut. david: people are afraid to go out and shop? >> they're not in the mood. one quote in an article talk people think it's better to spend time with family. shopper tracker is finding that people shopping for the week that ended december 15th down 4.3%. overall they've adjusted what they think the holiday seen will be. and they've adjusted that it will be a growth of 2.5%. and thought it would be 3.3%. national retail federation is keeping their prediction of growth 4.1%. real quick, i don't know if we have the graphic available. if you invest in retailer, boy have the on-line retailers done gang busters and even the shopper track survey even on-line wasn't performing as well as last year. overall this year for shopping, the on-line stock is doing much better. >> meanwhile, j.c. penney can we put up the stock chart, intraday what it's doing? it's up almost # 4% today. does that surprise you? >> the brick and mortar retailers are up for the year. the on-line retailer, theirs is up. and once again, amaz
searching after the newtown massacre. but in the end, customers wanted guns. >>> in the 3:00 hour, we'll take a closer look at how other countries view america's fascination with guns including japan where almost no one owns firearms. >>> and it's that time of the year when everyone gets sick. at 4:00 p.m., doctor sanjay gupta will explain how to avoid getting the flu. your money starts right now. >>> just days to go before america goes over a fiscal cliff. an outcome looking more likely every hour. washington's willingness to take america to the brink threatens its prosperity. i'm ali velshi. this is "your money." the latest negotiations comes down to useless symbolic moves and haggling between grown men. put bluntly, your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than a million dollars a year. and he wants to replace automatic cuts in defense spending set to start early next year with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of s
hearts go out to all who lost their lives, who have suffered so much. whether it be in newtown, connecticut, or new york were so many still suffer. we are a nation that seems to be, whether it be by the leadership of our elected officials, whether it be the president or others, we seem to be focusing on victimization. we seem to be focusing on victims rather than those who are prevailing. we are focusing less on what we do with honor and great, great sacrifice to achieve much. instead, we seem to be focusing on those that would limit us and that that which is the worst among us. lori: you have focused any times about leadership and lack thereof. interesting that time .2 a leader. lou: i hope not too many people are. lori: my point is, we do not have a choice at this point. lou: well, we do. the president, after all, is just the president. the speaker is just a speaker. we are fundamentally americans. americans are despite all still a classless society. people are trying to divide us. they are trying to segregate us. i do not mean that in a civil right way. we are a nation when
, newtown and potential to gun laws before we move into some of the fiscal issues. what's your take on the current mood in the country and the potential mood in congress on changing the gun laws? guest: well, peter, it's a tragic situation and i have four children, 17 and under, including a 6-year-old. so it's pretty close to home. the new mood i see in congress is hopefully we don't move with too much haste and do things that we might regret. we haven't seen any proposals, and so i've just been hopeful we let folks mourn and look at that. i don't support any changes. i think it's an individual problem. we had a -- there's some mental illness related issues tied in here that are separate. i do obviously impact -- it does obviously impact the situation. most of my constituents -- actually, i don't think i had anyone call in to my office and say, hey, we'd like to change federal gun laws because what's occurred. host: are you a gun owner? guest: i am a farm kid. i am a gun owner. i have an 11-year-old and a 6-year-old son and we went out hunting during pheasant season so we're familia
by the massacre in newtown, connecticut, that killed 20 children and 6 adults. speaking yesterday on "meet the press," the president said something fundamently has to change in this country. the newtown deaths can't become a routine thing. >> that was the worst day in my presidency, and that's not something i want to see repeated. >> joe biden will head a task force that will submit proposals to the president in january. >>> coming up, roses. the finishing touches being put on the floats for tomorrow's 120th tournament of roses in pasadena. the rose bowl later is going to feature stanford and wisconsin. i hoped it would be michigan. wisconsin will have to do. >>> fireworks lit up sydney harbor, beautiful, as people down under mark 2013. happy new year. city officials were expecting as many as 1.5 million people to crowd the waterfront and watch the skylight up. and christine's favorite story of the day. >>> breaking news. >> reality star kim kardashian and rapper kanye west, they're expecting. >> expecting what, a raise? free publicity? >> fiscal cliff. >> they confirmed baby news. i guess
that interview in about 20 minutes or so. >>> and also, could the dna of the newtown school shooting gunman provide clues as to what led him to carry out that massacre? some scientists actually believe that it could. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] >>> it was two weeks ago today that a young gunman carried those guns into the school, one of the deadliest school shoot n shootings in history. we are talking about the school where 26 elementary school students and staff died. we're also talking about the gunman's home. that is where police say he killed his mother. and as we learned as well yesterday, scientists are also now
, everyone. funerals are being held today for two more victims of friday's shooting in newtown, connecticut. families and friends paying theirtheir respects. a wake will be held for the teacher hailed as a hero for sacrificing her life, saving several students. family and friends paying their respects to 27-year-old victoria later today. senator patrick leahy squared in as a distinction given to the most senior member of the majority party in the senate. leahy now third in line for the presidency behind joe biden and john boehner. iraqi president is in a coma at this hour after suffering a stroke. government officials say the president's medical team is working to stabilize his condition. back to you. melissa: the fate of knight securities could be decided in a moment. exclusive new details on this one. charley. charley: this is coming down to the wire, major investments to help tell them out. they're telling me they expected the decision may be later tonight or early tomorrow morning. why did they do that? or the look medication with the board but this is what you're hearing from investme
funerals today. attorney general eric holder is traveling to newtown to meet with local law enforcement. that will happen later this afternoon. a scathing report that falsifies state leaders for an adequate security at the attack of the u.s. consulate in benghazi. a memorial service is being held for the late u.s. senator inside the u.s. capitol building today. the beloved senator from hawaii was the second longest senator in u.s. history. back to connell. connell: breaking news out of washington right now. eric cantor just roughed up some comments. there he is. they just roughed up a few moments ago from capitol hill. on the boat tonight that is expected on the plan b -- cantor saying they just wrapped up. i believe two days after christmas, they will be back to talk about this. also another breaking political story. the mayor of newark, new jersey, cory booker is going to run for senate. he will run for senate in new jersey in 2014. why is that important, well, there has been a lot of speculation that he may run for mayor and take on governor chris christie and new jersey. okay. now,
, the fiscal cliff, newtown, connecticut, what happened up there, that's the gem feeling overall. jcpenney, they've had promotions walking away from it every day, low discount price story. oppenheimer noted discount racks had been cleared and the traffic seems to have improved in that store. maybe that change in their philosophy has helped them out. that's a note that was out on oppenheimer today. bottom line here, guys, is i think we are seeing some movement with some companies to deal with some of these retail sales issues. you'll see a lot of pressure on margins. david, i think you mentioned this, about what was going on with inflows and outflows from equity mutual funds. it's true we're continuing to get outflows from equity mutual funds. that's certainly been disappointing. we had it going through up until last week. the end of last week, it was reported the first outflows from treasuries. more specifically, from general bond funds. that's the first time we've seen this in a very, very long time. all right, it was a very small number, something on the order of $1 billion or something
. as a country, we have been through this too many times. whether it is an elementary school in newtown or a shopping mall in oregon or a temple in wisconsin or a movie theater in aurora or a street corner in the chicago, these neighborhoods are our neighborhoods, and these children are our children. we will have to come together and take meaningful action to prevent more tragedies like this regardless of politics. this evening, michelle and i will do what i know every parent in america will do, which is hug our children a little tighter, and we will tell them that we love them, and we will remind each other how deeply we love one another, but there are families in connecticut who cannot do that tonight, and they need all of us right now. in the hard day to come, the community needs us to be at our best as americans, and i will do everything in my power as president to help because while nothing can fill the space of a lost child or a loved one, all of us can extend a hand to those in need to remind them that we are there for them, that we are praying for them, that the love they felt f
the chairman of the rules committee. . mr. speaker, when i mention hurricane sandy and the tragedy in newtown, connecticut, many wonder what do they have in common? gun tragedy, the loss of 26 lives, and americans suffering from a devastating storm, certainly our hearts goes out to those babies who were lost. but it really speaks to americans in need, and i guess that's why i'm so troubled to be on the floor today, because the framework that we have says to america that when you're in need we will not as this congress and this government be prepared to help you. i think what is disappointing and i know for the speaker, it is probably the same case as i am speaking because just about three days ago we thought there was a deal between the white house and the framework that was offered and the leadership of this house. it's disappointing that in the course of a couple days we've come to a situation where this plan, plan b, raises only about $300 billion from high-income households and the centers for budget priorities suggest that millionaires will get $108,500 per $1 million, over $1 million in
the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfort and pray." national newspapers also digging into this story. "the new york times" says that the people were all shot multiple times with semi- automatic weapons. white print on a black background. storie
at these names. i know in the wake of the newtown tragedy, there's been new focus on video games. you've had prominent politicians and others calling for more overseeing of video games. the piper note actually a little different. that's
. right before christmas, with, you know, people are sober as a result of newtown, that they're going through these political antics today, it's crazy. >> both sides, harry's going to comment on this. one side says we're compromising more. that's what you just said. the other side says we've compromised more. john, a little whimpering from paul krugman does not make a carping from the left. >> you forgot about huffington post. social security sellout. >> you're carping from the left hasn't been close to the pressure john boehner's been under. i mean, come on. and just from that fact, we need some real outrage from, you know, patty murray, or you know, all the usual suspects before i believe that the president has given up as much as boehner. you take it from here, okay? >> well, john, it's harry wilson. one thing that's really interesting to me, there's been a lot made about the fact that the president's proposal is closer to the clinton era tax rates. but very little has been said about the fact that no one is close to the clinton era spending levels. so, as you know, when you were i
being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, th
is the ticker on this of course, troubles surrounding the newtown, connecticut, shooting a lot of sellers on that stock during that period of time, today, issuing another $15 billion, expand its buy back program which it just announced with its fiscal second quarter results, announced 20 million share -- $20 million worth of buy backs and expand that to 15. nice gain on the shares. >> >> a big winner for the year. look at that chart. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively h
reporting at least 27 people were killed at the sandy hook school in newtown connecticut. 18 of the victims believed to be children. 20 minutes ago president obama address to the nation and said our hearts are broken today. speaking in the white house briefing room the president pledged, she said, quote, we have to come together and take meaningful action. you can see the entire state of the president on the web site, c-span.org. the flag on the u.s. capitol you see the shot flying half staff ordered by speaker john boehner as you know the speaker and the president have been speaking on the so-called fiscal cliff and as part of the washington journal seriously look at unemployment insurance, what is funded and how that might be affected by the so-called fiscal clef. -- cliff. this is about five minutes. >> we turn to unemployment insurance and how the benefits could be impacted. joining for the discussion as the times' national correspondent. thanks for coming in. we want to start the discussion. when we are talking about unemployment insurance, what specific programs are we talking about h
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